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Insolvency and Bankruptcy Board of India
7th Floor, Mayur Bhawan, Connaught Place, New Delhi - 110001
CIRCULAR
No. IBBI/IP/56/2022 24th November, 2022
To,
All Registered Insolvency Professionals
All Recognised Insolvency Professional Entities
All Registered Insolvency Professional Agencies
(By mail to registered email addresses)
Dear Madam/Sir,
Subject: Payment of fees to the Insolvency and Bankruptcy Board of India (the IBBI/
Board)
The Board has recently amended its following regulations, vide which it has effected revision
of existing fee structure along with relevant forms, applicable to Insolvency professionals (IPs)
and Insolvency Professional Entities (IPEs) and has also introduced regulatory fee as per details
in annexure:-
i.
IBBI (Insolvency Professionals) Regulations, 2016;
ii.
IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies)
Regulations, 2016; and
iii.
IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
2. All Insolvency Professional Agencies (IPAs), their professional members and all IPEs are
requested to take note of the aforesaid amendments for strict compliance.
3. The fee referred to in the annexure, for which online payment module is not yet implemented,
shall be credited to bank account of the Board, as per details below:-
Beneficiary Name : Insolvency and Bankruptcy Board of India
Bank: Punjab National Bank
A/c No. : 0128002100302250
IFSC : PUNB0112000
Branch : ECE House, Connaught Place, New Delhi-110001
GST Number: 07AAAGI0193K1ZD
4. This circular is issued with the approval of competent authority.
-Sd/-
(Deepak Rao)
General Manager
Email: deepak.rao@ibbi.gov.in
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Annexure
Fees payable to the Board by Insolvency Professionals (IPs) and Insolvency Professional
Entities (IPEs)*
Sr.
No.
Particulars
Payable
By
Existing
Rate
Revised
Rate
Effective
Date of
Applicabilit
y
1.
Insolvency Professionals – Individuals
(i) Application Fees (One-time)
[Form A submitted through
dedicated online registration
module]
Applicant
(Individual
) seeking
registration
as an IP
Rs.10,000/
-
Rs.20,000/-
1st October
2022
(ii) Fees (5 yearly)
[Submitted
through
dedicated online module]
IP
(Individual
)
Rs.10,000/
-
Rs.20,000/-
1st October
2022
(iii
)
Annual Fee
[Form E submitted through
dedicated online module]
IP
(Individual)
0.25%
of
professional
fee
earned
for
the
services
rendered as
an IP in the
preceding
financial
year.
1.00%
of
professional
fee earned for
the
services
rendered as an
IP
in
the
preceding
financial year.
1st October
2022
2.
Insolvency Professional Entities
(i) Application
Fees
for
recognition as an IP (One-
time)
[Form C submitted through
dedicated online recognitio
n module]
IPE
Rs.50,000/
-
Rs.2,00,000/
-
1st October
2022
(ii) Application
Fees
for
registration of IPE as an IP
(One-time)
[Form AA to be submitted
through physical mode/
multiple payment modes]
IPE
applying
for
registration
as an IP
NA
Rs.2,00,000/
-
1st October
2022
(iii
)
Fees (5 yearly)
[To
be
submitted
through physical mode/
multiple payment modes]
IPE
registered
as an IP
NA
Rs.2,00,000/
-
1st October
2022
(iv) Annual Fee
IPE
0.25%
of
turnover
in
1.00%
of
turnover
1st October
2022
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[Form G submitted through
dedicated online module]
the
preceding
financial
year.
(excluding
professional
fee)
in
the
preceding
financial year.
(v) Change in composition of
Board of IPE
[Form F to be submitted
through physical mode/
multiple payment modes]
IPE
Rs.2,000/-
per
individual
(cessation/
joining)
Rs.2,000/- per
individual
(cessation/
joining)
1st October
2022
3.
Regulatory Fee
(i) Related to resolution plans
[To
be
submitted
through physical mode/
multiple payment modes]
IP
NA
0.25% of the
realisable
value
to
creditors under
the resolution
plan approved
under section
31, shall be
payable to the
Board, where
such realisable
value is more
than
the
liquidation
value.
In cases where
resolution plan
is approved
under section
31, on or after
1st October
2022
(ii) Related
to
hiring
any
professional
or
other
services
[Form EA to be submitted
through physical mode/
multiple payment modes]
IP
NA
1.00% of the
cost
being
booked
in
insolvency
resolution
process costs
in respect of
hiring
any
professional or
other services
by IRP or RP.
1st October
2022
* In terms of IBBI (Insolvency Professionals) Regulations, 2016 and IBBI (Insolvency
Resolution Process for Corporate Persons) Regulations, 2016 and pursuant to amendments
effected vide IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment)
Regulations, 2022 read with IBBI (Insolvency Professionals) (Third Amendment) Regulations,
2022 notified on 20th September, 2022, IBBI (Insolvency Professionals) (Fourth amendment)
Regulations, 2022 notified on 28th September 2022 read with IBBI (Model Bye-Laws and
Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022
notified on 3rd October 2022.
NA- Not Applicable
***
